According to the latest Datamonitor estimates, Landis+Gyr retained its leadership position in the rapidly expanding global smart metering sector. Although its share of the global market fell slightly, from 36% in 2009 to 34% in 2010, smart meters sold for residential applications leapt from 4.7 million in 2009 to just under 6 million in 2010. While the US market is the focal point for all smart meter vendors at present, 1.6 million of Landis+Gyr’s total global sales of 6 million units were made outside of North America, far more than any other vendor.
Meanwhile, Itron consigned the problems of 2009 to the past with a massively improved performance in 2010. Datamonitor estimates that Itron shipped 4.1 million smart meters for residential applications in 2010, up from the nadir of 700,000 in 2009. The vast majority of Itron’s smart meter sales were in the US, as it delivered to its key US clients including Sempra, CenterPoint, and Southern California Edison. And while business remained relatively slow in Europe, Echelon performed particularly well, as it continued to ship to major contractors in Europe, including SEAS-NVE and Fortum.
Datamonitor forecasts that the global market for smart meters sold for residential applications will reach 60 million units in 2015, up from 18 million units in 2010. While the US market will remain the major focus of shipments over the next two years, Datamonitor predicts that shipments to Europe will begin to take off from 2012 onwards. Itron, Landis+Gyr, and Echelon are best-placed to take advantage of this growth, given that each company already has a presence in key nations such as the UK, France, and Spain, and has a history of working with European utilities.
*You might be interested in the following study: Global Prospects for metering and advanced metering infrastructure